Exam (elaborations)
Real Estate U Final Exam Questions and Complete Solutions Graded A+.
- Course
- Institution
Real Estate U Final Exam Questions and Complete Solutions Graded A+.
[Show more]
Content preview
Real Estate U FinalExam Questions
and Complete
Solutions Graded
A+
Denning [Date] [Course title]
, Article 12 A - Answer: NYS Real Estate Property Law (1) Protect the public (2) Salesperson at least 18 (3)
broker at least 20 years .
Sponsor - Answer: Broker that holds salesperson license
Summary of Submission - Answer: Paper you get after registering for NYS test. Bring to tes with you
Misedemanor - Answer: Crime with no more than 1 year prison or $1,000 fine
Listing Agreement - Answer: Agreement between salesperson and property owner, allowing
salesperson to provide services to the owner involving their porperty
Pocket Card - Answer: Has salesperson photo, name, and business address of broker. Carry at all times
Fiduciary - Answer: Person responsible for other people's property and/or funds
OLD CAR - Answer: Obedience, Loyalty, Diclosure, Confidentiality, Accountability, and Reasonable Care
Disclosure Regarding Real Estate Agency Relationship Form - Answer: First form given to clien that
establishes the business relationship and understandings
Exclsive Agency - Answer: When client agees that only one broker is going to sell a property. Even if
someone else sells, the exclusive agent is entitled to commisions.
Principal - Answer: Client / Propert owner or buyer
Price Fixing - Answer: When multiple agents/brokers work together to determine the price of a service
so that noone can get a better of worse deal. Illegal
Market Allocation - Answer: Anti-competition. Illegal
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now